Government of Zimbabwe, Tongaat Hulett to launch US$40m sugar cane project

ZIMBABWE – The Kilimanjaro sugar cane project in South-East Zimbabwe worth US$40m is ready to be commissioned by the Government of Zimbabwe in partnership with Tongaat Hulett Zimbabwe, an agribusiness company. The project will open […]

Sugar processor Tongaat postpones release of audited full year financial results

SOUTH AFRICA – South African based sugar producer, Tongaat Hulett, has again postponed the release of its audited financial statement for the latest full year ended March 31 from the previously anticipated release date of […]

French firm Tereos to shut sugar operations in Kenya and South Africa

KENYA – French sugar maker Tereos said Tereos Commodities will close its offices and halt sugar trading in Kenya and South Africa as part of a global review of its strategy. Tereos, which reported a […]

Stock exchange suspends Tongaat Hullet’s Zimbabwe unit

ZIMBABWE – The Zimbabwe Stock Exchange (ZSE) has suspended Tongaat Hullet Zimbabwe’s subsidiary, Hippo Valley Estates Limited, from trading its shares on the local bourse. According to the stock exchange, the follows the sugar giant’s […]

Zimbabwe sugar exports to grow by 21% on increased production

ZIMBABWE – Zimbabwe projects sugar exports in 2019 to increase by 21% to 145 000 tonnes up from 120 000 tonnes exported last year on the back of increased production and large carryover stocks. The […]

Nigeria’s sugar processor BUA seals pact with Netafim on automated sugar irrigation project

NIGERIA – BUA Group, parent company of the BUA Sugar Refinery Limited has signed an agreement with Netafim, an Israeli manufacturer of irrigation equipment, for the development of a fully automated sugarcane irrigation project. Under […]

Sugar giant Tongaat Hulett to delist from London Stock Exchange

SOUTH AFRICA – South African sugar producer Tongaat Hulett has unveiled that it will delist its shares from the London Stock Exchange to cut costs and streamline its shareholding structure. Amid low trading volumes in […]

Uganda imposes quotas on Kenya’s poultry products to protect local industry

UGANDA – The Ugandan government has imposed import quotas on Kenyan poultry products as it moves to protect the country’s local poultry industry. In a letter by Uganda Commissioner of Animal Health at the Ministry […]